Stocks slipped into the red as markets closed Wednesday, losing gains from earlier in the day as Wall Street failed to recoup losses from Monday’s massive sell-off. The Dow Jones Industrial Average fell 163 points, or 0.4%. The S&P 500 declined 0.5%, while the Nasdaq Composite dropped 0.7%. Earlier in Wednesday’s trading session, the Dow rallied…
Members of the main U.S. transportation regulator grilled Boeing executives Wednesday over the company’s workplace safety culture and allegations of retaliation linked to two employees who were sidelined over a January mishap involving a Boeing 737 Max 9 in which a door plug detached mid-flight. Jennifer Homendy, chair of the…
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on sharing membership cards with a new policy in which all cards will be scanned at store entrances. Costco said in a recent statement on its website: “Over the coming…
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on membership card sharing with a new policy where all cards will be scanned at store entrances. Costco said in a recent statement on its website: “Over the coming months,…
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company…
Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal will involve thousands of daily decisions that will determine whether Boeing can earn back the trust of regulators, airlines and the public; end persistent production defects; deliver…
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion. Credit card delinquency rates are also higher…
Venezuela’s Public Ministry has opened a criminal investigation into presidential candidate Edmundo González Urrutia and opposition leader María Corina Machado, the country’s Attorney General Tarek William Saab said in a statement on Monday. The Public Ministry said the investigation was sparked by the two opposition figures’ call for the military…
A United Nations investigation has found that nine employees from its main agency for Palestinian humanitarian relief, UNWRA, “may have” been involved in the October 7 attack and no longer work at the agency. UNRWA has 14,000 staff members in Gaza. The investigation was launched in January after Israel accused…
Jayapura, Indonesia — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said. Glen Malcolm Conning, a pilot for Indonesian aviation company PT Intan Angkasa…